Chapter 83
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If the Yates family lost the shares/
by Yohannes and Raymond, they would have to
surrender their position as the largest shareholder to the second largest.
Cassandra asked her assistant to put the share transfer agreement and the consolidated share certificates in front of her.
“Mr. Benjamin Yates, if you don’t believe me, you can see how many shares I have. currently. However, the original 42% held by the Yates Family has now become 32%
Benjamin’s internal alarm went off.
What does she mean by 32%? Where is the remaining 10%? Who was it? Who sold 10% of the shares?’ Benjamin roared inwardly.
“Mr. Benjamin Yates, you were unwilling to pay for your son’s treatment at that time, so he had to find a way himself! That’s how he came to me. Thanks to the 10% shares, otherwise, I wouldn’t have secured my place in Yates Group so soon!”
Cassandra didn’t want to waste time conversing with Benjamin. Meanwhile, Leonardo was agitated, being unable to speak. Every time he tried to say something, he couldn’t produce any sound.
“Everyone, do you have any objection to my rights? Don’t worry, all the directors here. My focus doesn’t lie here. Therefore, I will hire a Chairman who will be responsible for handling everything in Yates Group in the future.”
The door behind Cassandra suddenly opened. A man in his thirties wearing a black suit walked in. His whole presence was shrouded in mystery. The customized black leather shoes signified his elegant taste.
“Well…”
“What’s this…
“Isn’t this the vice CEO of Modern Beacon Synergy? What’s his name? Cyrus? Yes, he’s called Cyrus Jacobs!”
“Why is the vice CEO of Modern Beacon Synergy here at Yates Group?”
“Cyrus has graced every economic magazine cover. His good looks are just one of his strengths. The crucial factor is that his projects have never failed!”
“How did Cassandra invite him here? The noteworthy part is that he came willingly!”
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“I don’t know. All I can say is if Yates Group flourishes under his guidance, I’ll be waking up with laughter in my dreams.”
“I share the same sentiment. I have a hunch that Yates Group will undoubtedly reach another pinnacle of success.”
Cyrus walked to Cassandra cooperatively and nodded slightly at her. He had finally met Cassandra. It was worthwhile for him to come here as soon as he got off the plane.
“Ms. Yates.”
It would be better to address her with formality on such a formal occasion..
“I assume I don’t need to introduce who he is. Is there anyone else here who doesn’t know him?”
The moral of the story was that with strength, one could speak with confidence.
Benjamin was also shocked for a long time.
He didn’t understand why Cyrus would come to Yates Group.
‘What does he want from Yates Group? Benjamin wondered.
“From now on, he will be the acting chairman of Yates Group. Do you have any objection?” Cassandra said coldly.
Everyone shook their heads and said they had no objection.
Then Cassandra cast a disdainful glance at Benjamin and remarked, “One more thing. I find the name Yates Group too targeted. Perhaps we should consider changing it. What do you think?”
Yates Group.
The name itself suggested that it was the Yates family’s territory!
If that was the case, Cassandra was determined to ruin their territory!
The Yates family didn’t deserve to have a company named Yates Group.
“Ms. Yates, what name are you suggesting?” A shareholder stepped forward to speak.
“Let’s call it Blossom Group from now on. It signified that Yates Group would bloom. and prosper in the future!”
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Benjamin almost fainted with anger!
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“Cassandra, how dare you! I’m the Chairman of Yates Group. Why should Yates Group change its name? It has borne that name for 20 years, why would it withdraw now?”
If the name was changed again, he would be no different from other shareholders.
This company would become someone else’s!
Cyrus knew that this girl must have missed her Grandma Blossom who adopted her
Perhaps it was for the best.
“I’m the largest shareholder. It’s my say now. How can you refuse?”
“I’m also a shareholder, and I have the right to refuse”
“I’m sure everyone here agrees to my proposal. What right do you have to say not i hope you don’t still think you have the veto right, do you?”
Everyone present indeed agreed to Cassandra’s proposal. They had no doubts ar moment when Cyrus appeared.
It didn’t matter what the company’s name was.
The most important thing was that it could make money!
As long as Cyrus could make money for the company, it didn’t matter what it was called. They wouldn’t mind, even if it was called a piece of sh it.
“W-Why don’t I have the veto right? 1…”
No, he had lost it.
He now possessed only 32% of the shares, and a change in the company necessitated more than two-thirds of shareholders’ consent. At the moment, he didn’t hold more than one-third of the shares.
Therefore, his objection was rendered useless..
In a terrified state, Benjamin pondered if he had just been ousted from his own.
company.
‘No! No way! Yates Group is mine! I founded it!’ Benjamin exclaimed inwardly.
“Mr. Former Chairman, there’s currently no suitable position for you in the company.
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Why don’t you consider heading home for now?” Cassandra suggested.
“Why stay here and continue the pain?’ Cassandra thought.
“Cassandra, you brat! How dare you side with outsiders and take over the family’s company? How can you do such a shameless thing to me?”
Benjamin was heartbroken and deeply regretted his decision.
He regretted bringing Cassandra back home in the first place and giving her a chance to attack the Yates family.
It turned out that Cassandra was an ungrateful brat.
She even wanted to kick her own father out of the company!
‘What an ingrate! I’m utterly disappointed, Benjamin mused.
“I gave you a warning yesterday. You missed the chance to win over the shareholders. How can you blame me for that? Mr. Benjamin Yates, please step out. Blossom Group is
about to its first shareholders’ meeting, and it seems inappropriate for you to
be present,” said Cassandra.
Just then, Leonardo took out his phone and typed a few words to Benjamin: [I’m also a shareholder of this company. Why should I leave?]
Benjamin simply sat down nearest to Cassandra.
He wanted to see what she could do!!
Tsk, he’s quite persistent! But it doesn’t matter. There’s more to come, Cassandra thought.
She said gently to Cyrus, “You can preside over the meeting. From now on, you will be the acting chairman of Blossom Group. I’ll leave the company to you.”
Cyrus smiled warmly, and his eyes were full of tenderness. “Rest assured. I’ll make sure the company prospers.”
Cyrus turned to all shareholders and his eyes paused on Benjamin.
“Mr. Benjamin Yates, you seem quite comfortable sitting here, but I hope you can provide me with explanations regarding the matters I’m going to bring up next.”
He had the documents handed out to each director one by one.
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Finally, Benjamin also got one copy of the documents. However, as soon as Benjamin. got it, he saw all the directors’ angry faces.
They were all staring at him fiercely.
He felt that something big was happening.
He opened the file and took a first look. His vision darkened, and he nearly fainted. It was Leonardo who gently patted him and brought him back to his senses.
Benjamin was shocked that Cyrus had uncovered all this information.
He thought Cyrus just got here!
“It’s… Benjamin was stupefied.
“I understand now. Yates Group has been profitable since last year. I always wonder why it is still financially strained. It seems you were the one playing tricks.”
A hot-tempered shareholder stood up angrily and threw the document in his hand at Benjamin.
“It’s fake. How can it be real? It must be a forgery!” Benjamin explained repeatedly.
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